10am update - weak bears

The opening minor declines have already turned to slight gains, and the bears are looking shamefully weak. Any consistent trading above 1703/05..and there is the real threat of the market ending the week on a new historic high.


sp'60min

vix'60min

Summary

Well, as is always the case, unless the market is down more than 1 to 1.5%, the declines are rarely able to stick.

Any move >1709, and frankly, only the idiots/reckless will still be holding short.
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A long day ahead, but right now, its not looking so great. Urghh

The one good thing, at least the hourly cycles are still on the side of the bears.

So, lets see if this was just a messy open.
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10.16am...well, now we're down again. No one wants to buy above sp'1700 it would seem.

Very frustrating though overall. At least no stupid QE-pomo today.